Cardano founder Charles Hoskinson has firmly denied claims that he could be forced by governments to censor or control the blockchain. In response to a viral social media post alleging that ADAs design allows centralized interference, Hoskinson fired back with sarcasm and a meme from the film Vacation, mocking the idea that Cardano could be manually manipulated. The controversy stemmed from a thread suggesting that unlike Bitcoin, altcoins like Cardano could be shut down or influenced via their creators. Hoskinson dismissed the argument as classic FUD (fear, uncertainty, and doubt),...

A massive 25.5 million XRP transfer worth over $57 million has raised eyebrows in the crypto community, initially sparking fears of a whale-led sell-off. On-chain tracking platform Whale Alert flagged the July 3 transaction, noting the XRP tokens were moved to U.S. exchange Coinbase. In typical cases, such large transfers to centralized exchanges are viewed as potential precursors to a market dump, especially during heightened volatility. However, further analysis suggests the transfer may not be bearish after all. According to insights from XRPwallets, the move appears to be part of...

Bitcoin, the worlds largest cryptocurrency by market cap, is experiencing a sharp decline in volatility, suggesting a major shift in its market behavior. Once known for wild price swings and speculative trading, Bitcoin is now showing stability that rivals traditional financial assets like the SP 500. According to Bitwises head of research Andre Dragosch, Bitcoin is transitioning from a high-risk asset to a potential safe haven. Over recent months, its volatility ratio compared to the SP 500 has dropped significantly, making it behave more like a conventional investment vehicle. Bitcoins...

MicroStrategy co-founder Michael Saylor believes the iShares Bitcoin Trust ETF (IBIT) is on track to become BlackRocks most profitable ETF. The prediction follows Bloomberg senior ETF analyst Eric Balchunas report that IBIT is already the third-highest revenue-generating ETF in BlackRocks lineup, pulling in $191 millionoutpacing over 1,195 other funds from the asset management giant. Launched in 2024, IBIT has rapidly gained traction among institutional and retail investors, with total net assets now standing at an impressive $76.31 billion, according to SoSoValue. This dwarfs Fidelitys...

Spot Bitcoin ETFs have returned to positive inflow territory, recording a substantial $407.78 million in net inflows on July 2. Leading this momentum was the Fidelity Wise Origin Bitcoin Fund (FBTC), which brought in over $183 million in a single day, according to Arkham data. This marks the largest daily inflow for Fidelitys fund in recent months and signals renewed institutional interest in Bitcoin. The rebound comes just days after a sharp $342 million outflow on June 30 disrupted the ETFs steady growth streak. Notably, BlackRocks iShares Bitcoin Trust (IBIT) typically a frontrunner ...

Amber International Holding (AMBR), a subsidiary of crypto trading firm Amber Group, has secured $25.5 million through a private placement to expand its $100 million Crypto Ecosystem Reserve. The fund, launched earlier this year, is aimed at supporting strategic blockchain growth and innovation through long-term investments. The offering was priced at $10.45 per share, a 5% discount to AMBRs three-day volume-weighted average price. It resulted in the issuance of over 12 million Class A shares, equivalent to approximately 2.44 million American Depositary Shares (ADSs) listed on Nasdaq....

Ondo Finance (ONDO) and Pantera Capital are joining forces to invest $250 million in real-world asset (RWA) tokenization projects, further fueling momentum in one of cryptos fastest-growing sectors. The joint initiative, dubbed Ondo Catalyst, will target infrastructure and protocols that enhance the tokenized finance ecosystem and expand on-chain capital markets. According to Ondos blog post, the initiative will involve a combination of equity and token investments to back builders driving the next evolution of blockchain-based financial products. The financial system is undergoing a...

Ether (ETH) traded at $2,584.90 on July 3, posting a modest 0.55% gain in the past 24 hours as crypto markets mirrored Wall Streets bullish reaction to strong U.S. employment data. The CoinDesk 20 Index (CD20), tracking top digital assets, also rose 0.08%, signaling cautious optimism across the sector. According to CNBC, the U.S. economy added 147,000 jobs in June, surpassing expectations of 110,000 and Mays revised 144,000. The unemployment rate fell to 4.1%, beating projections of 4.3%. This upbeat data pushed U.S. equities to record highs, with the SP 500 climbing to 6,279.35 and the...

The U.S. Securities and Exchange Commission (SEC) has paused the launch of Grayscales Digital Large Cap Fund (GDLC) ETF just one day after its initial approval. Although the ETF received a green light via delegated authority on Tuesday, the SEC informed Grayscale and NYSE on Wednesday that its commissioners will now review the decision, temporarily delaying the funds listing. Sources familiar with the matter told CoinDesk that the delay is likely due to administrative reasons rather than political motivations. The SEC may be reassessing its framework for approving similar digital asset ETFs,...

Sui (SUI) is trading around $3.02, marking a 4% gain over the past 24 hours and a nearly 15% increase in the last week. The tokens recent rally follows Lion Group Holding Ltd.s (LGHL) announcement on June 26 that it plans to acquire SUI as part of a $600 million crypto treasury strategy. The move has sparked renewed investor interest in the Layer-1 blockchain project. According to CoinDesk Research, SUI broke out of a bullish pattern in the last 24 hours, establishing strong support at $2.87 before surging higher on strong trading volume. The positive price momentum aligns with growing...